<p>Although admittedly still small relative to the size of the entire domestic financial market, the Philippine microfinance market has been developing quite rapidly in the last few years.</p>
<p>This paper examines the development of microfinance market from the household perspective as it relates to poverty alleviation. It employs poverty decomposition and dominance analysis. The analysis was divided into four components: comparison between bene ficiaries of community-oriented financial institutions (COFIs) and non-beneficiaries; comparison between male-headed and female-headed households; comparison between male- headed and female-headed beneficiary households; and comparison between male-headed and female-headed non-beneficiary households.</p>
<p>Results show that there is a large disparity in poverty incidence between COFI beneficiaries and non-beneficiaries while the resu lts on the comparison between male- headed and female-headed households reveal that there is hardly any difference between these two groups. Among COFI beneficiaries, female- headed households appear to be poorer than male-headed households while among non-beneficiaries, male-headed ho useholds appear to be poorer than female-headed households.</p>